eNews
repaireasy.in gets funded by MSA, plans to launch 10-12 hubs pan India
MUMBAI: repaireasy.in, one of the most organized gadget and mobile phone repair platforms, recently announced a pre-series a fund raise of 275,000 USD from a stellar consortium of international and domestic investors. This pre series round of funding was backed by prominent investors like Morris Street Advisors (MSA) and P. Krishnamurthy. Subject to the quantum of additional cash requirements the current investors can be tapped for additional capital.
“The Indian Smart phone and gadget repair market size is roughly pegged at $2-$3 bn and there is substantial demand for professional workmanship and trustworthy platforms to service and repair gadgets. We have a vision of organizing the work processes in the sector, which is the need of the hour, and provide our customers with a reliable, seamless and stress-free door to door experience,” said repaireasy.in founder Rishi Wahi. “Receiving financial support from our new investors is the first major step towards achieving our goals. We are carefully and systemically expanding our reach and scope of services across India. It is our goal to service customers across the broad breadth of India and make their life’s simpler by providing a trustworthy facility and a professional repair option; which might not be available to them.”
Commenting on the announcement, repaireasy.in lead board member Rohit Tiwari (Morris Street Advisors CEO) added, “We are excited and optimistic about the direction in which repaireasy.in and the sector is progressing. The repair space, in general, lacks an organized working model and with repaireasy.in we plan to bring in a new paradigm shift in India and provide a platform that can be the preferred electronic repair destination for consumers. We are confident that Rishi and Naveen will deliver.”
repaireasy.in is one of the earliest platforms that offers the easiest and most convenient way to repair handheld gadgets like smart phones, laptops and tablets. With unique propositions like free pick up and drop across India, added advantage of extended warranties and stand by phones reapairesy.in, today, has 15000+ happy customers which include individuals and corporates across India.
The brand caters to 10,000 pin codes. Since its inception in 2013 repaireasy.in has witnessed a steady monthly growth of approximately 20%. Presently repaireasy.in has appointed 30 convenience pick up points across Maharashtra to reach out to the tier 2 and tier 3 cities. The next big and strategic expansion is expected to start in Delhi (NCR) within 30 days.
The funds will be utilized to further develop technology, strengthen customer support, develop new value added services, and fuel expansion. As a next stage of development repaireasy.in plans to launch 10 to 12 hubs pan India to cater to the length and breadth of the country. In addition to this the brand plans to offer a value add like standby device.
eNews
Paisabazaar launches Credit Premier League 2.0
Nationwide campaign rewards highest credit scores with Rs 1 lakh top prize.
MUMBAI: When credit scores become a national league, even your CIBIL report starts feeling like it’s playing in the IPL and Paisabazaar has just kicked off the second season. Paisabazaar, India’s leading marketplace for financial products and the country’s largest free credit score platform, has announced the return of the Credit Premier League (CPL) 2.0, a fun, nationwide initiative to recognise and reward individuals with the highest credit scores.
Building on the success of the first edition, CPL 2.0 introduces higher rewards and broader participation. The individual(s) with the highest credit score in the country will win Rs 1 lakh, while state champions will each receive Rs 10,000. Additionally, all participants from the winning state, the one with the highest average credit score will also be rewarded.
All winnings will be credited directly to winners’ PB Wallet, allowing them to pay credit card bills, recharge mobiles, or settle utility bills seamlessly on the Paisabazaar platform.
Paisabazaar CEO Santosh Agarwal said the campaign aims to make credit awareness more engaging and mainstream. “With CPL, we are bringing together engagement, gamification and rewards to make conversations around credit scores more mainstream,” he noted. “Our focus remains on building a financially aware and credit-healthy Bharat.”
The first edition of CPL saw over 5.5 million participants, with the highest individual score touching 861. Delhi recorded the highest average credit score of 746.
Consumers can participate simply by checking their free credit score on the Paisabazaar platform or app. The CPL leaderboard and rankings will be available exclusively on the Paisabazaar App.
In a country where financial dreams are serious business, Paisabazaar has found a smart way to turn credit scores into an exciting game – because when your financial health gets rewarded, everyone wants to play.
